Canadian oil and gas company Talisman Energy said today its chief financial officer Scott Thomson will leave the company to take over as head of heavy equipment dealer Finning International.
State-controlled Chinese oil firm CNOOC today announced a £9.6billion bid for Canadian operator Nexen in a deal which would see it gain control of one of the UK North Sea's largest oil fields.
Canadian oil and gas producer Suncor said today its third quarter operating profits nearly tripled aided by high oil prices, better refining margins and increased production at its oil sands business.
BP said last night that oil has stopped leaking into the Gulf of Mexico for the first time since April.
Production from a Shell platform in the North Sea has been virtually halted for an unknown period after a gas problem in one of its legs.